Bajaj Electricals Limited has received two GST assessment orders from Tamil Nadu authorities totaling Rs 19.93 crore in demands. The company disclosed this development through a regulatory filing to stock exchanges on March 14, 2026, under Regulation 30 of SEBI Listing Regulations.

Assessment Orders Breakdown

The Commercial Tax Officer from Chennai Central jurisdiction issued both assessment orders under the Tamil Nadu GST Act, 2017. The company received these orders on March 13, 2026, at 16:11 hours.

Nature of Alleged Violations

The assessment orders address different GST compliance issues across the two financial years:

FY 2019-20 Assessment:

• Alleged difference in input tax credit (ITC)
• Alleged short payment of tax due to turnover differences
• Issued under Section 74 of Tamil Nadu GST Act, 2017

FY 2022-23 Assessment:

• Alleged excess claim of input tax credit
• Alleged difference in ITC calculations
• Issued under Section 73 of Tamil Nadu GST Act, 2017

Company's Legal Response Strategy

Bajaj Electricals management is evaluating appropriate legal remedies to challenge these assessment orders. The company has indicated potential legal avenues including:

• Filing appeals before the appropriate appellate authority
• Submitting writ petitions before the Hon'ble High Court
• Other legal options as deemed appropriate by management

Financial Impact Assessment

The company has clarified that there is no immediate impact on its financial operations or other business activities due to these assessment orders. According to the regulatory filing, the financial impact would be limited to the extent of demands raised and penalties levied, but only if the orders materialize after the legal process concludes.

Regulatory Compliance Details

The disclosure was made pursuant to Regulation 30 of SEBI Listing Regulations, read with sub-para 8 of Para B and sub-para 20 of Para A of Part A of Schedule III. The filing was signed by Prashant Dalvi, Chief Compliance Officer & Company Secretary, and submitted to both BSE Limited and National Stock Exchange of India Limited in accordance with the company's Policy on Determination of Materiality for Disclosure of Events or Information.

Bajaj Electricals Limited has announced the allotment of 2,273 equity shares to eligible employees under its Performance Stock Option Plan 2023. The company's Stakeholders' Relationship Committee approved this allotment during its 28th meeting held on March 6, 2026.

Share Allotment Details

The allotment involves 2,273 equity shares of Rs. 2.00 each, fully paid-up, granted to 5 employees who had been awarded stock options under the Performance Stock Option Plan 2023. The shares were exercised at a price of Rs. 2.00 per share, matching the par value with no premium charged.

Updated Share Capital Structure

Following this allotment, Bajaj Electricals' capital structure has been updated accordingly. The company's total issued, subscribed and paid-up capital now comprises 11,53,90,713 equity shares of Rs. 2.00 each, amounting to Rs. 23,07,81,426.

Regulatory Compliance

The allotment was conducted in compliance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, and the SEBI Listing Regulations. The company has informed both BSE Limited and National Stock Exchange of India Limited about this development as required under Regulation 30 of the SEBI Listing Regulations.

The newly issued equity shares will rank pari passu with the existing equity shares of the company. No lock-in period applies to these shares, and they are identical in all respects to the existing shares. The shares carry the ISIN number INE193E01025 for demat trading purposes.